Garamendi v. SDI Vendome S.A.

ORDER GRANTING DEFENDANT LACHARRIERE’S MOTION FOR SUMMARY JUDGMENT

MATZ, District Judge.

This matter is before the Court on Defendant Marc Ladreit de Lacharriere’s Motion for Summary Judgment. For the reasons that follow, Lacharriere’s Motion is GRANTED.

INTRODUCTION

This action is another chapter in the ongoing saga of the Executive Life Insurance Company (“ELIC” or “Executive Life”), a California insurance company that collapsed more than ten years ago. In 1995, the California Court of Appeal summarized ELIC’s dramatic fall as follows:

ELIC, a California-based life insurance company, had in the…